This week, we had the opportunity to speak with Anim Akhtar Ali Khan, the CEO at American Business Association Inc. We discussed his socio-economic impact, different products that he is using for expanding this impact, as well as his plans for the future.
Please describe the story behind creating the socio-economic impact company – what sparked the idea, and how has it evolved so far?
Until 2010 I had vast working experience in Banking & IT Consulting sector from 7 countries, then I decided to make a kind of product that is sustainable & acceptable globally but not a copy of any other platform, so I did 2 years of research on the state of mind, global customers and what is a gap in the market which is creating a disequilibrium between millions of MBA / MCA Graduates created every year and lack of opportunities in the financial & job sector.
From 2012 to 2014 I documented my research and was part of a venture to build merchant cash advance products in India. In Dec’2014 my research concluded that major firms globally are diverting the youth towards social networking platforms & there is a huge market gap for Socioeconomic products on Fintech (Fundacle
), HR Tech (HireKhan
), Information Rating(AmericanIRS
) & AdNetwork (PerPayment
) which is a long term opportunity and would be few years of struggle to complete these products.
As of now, all products are ready to launch in 27 English-speaking countries in 2022 on Country Level Joint Venture Model and we are actively starting marketing from May 2022.
I had done 1-year separate research on the Country Level Joint Venture model and documented each step required.
We heard that you are making a socio-economic impact through a few different products, each covering a different area – could you please list your main products and tell us something about each?
In Jan 2015 based on my research, I started work on the Fundacle
– Fintech product which would create One World, One Platform for funding opportunities for Investors, and fund seekers globally and would bring all CPAs under one platform.
In 2017 I started work on HireKhan
– An online outsourcing platform that would be direct access to India for tech resources globally
In 2019 I started work on the AmericanIRS
– Information Rating Product which would give credibility to SMEs & New Entrepreneur
In 2020 I realized that I would need an Ad network that can make Fintech, HR Tech & Information Rating products viral globally, so I developed PerPayment
– AdNetwork which would compete with Google AdSense.
Who are your typical customers, and what do you think is the main challenge that your products solve for them?
The concept behind socio-economic products is not to make customers but to make a community that can use all the 4 platforms to generate funding for their business, invest in choices from 850 business industries, get a job, hire the best resource, gather importer/exporter confidence and monetize their customer data to make a profit, create job and funding opportunities.
The idea is to create a world where if you are intending to work you will get work, if you have intent to do business you will get funding, to create new unheard opportunities where an uneducated person with limited computer knowledge can make $ 1000 on monthly basis through PerPayment through work from home.
All 4 tech products would create monetary benefit to all sectors of society from major cities to small towns.
What separates you from other similar companies?
In the last 12 years, I have realized that “Innovation comes in installments.”
It takes a year to create a perfect product on socio-economic impact. What separates platforms created by me from others is that all platforms Live on close to similar concepts were time-bound products which had to Go Live on a particular date irrespective of having a crisp state, Our products are completed in every aspect and refined to the highest level possible and being launched now since the products are ready in each aspect.
Our model of Launch is a Country Level Joint Venture globally for every product where our competitors on socio-economic impact have made product-oriented to local countries only.
Which trends and technologies do you find to be particularly intriguing these days?
Ans: Cloud computing, The Internet of Things (IoT) and any innovation in the farming industry. Most of the innovations done by IBM recently is the IBM Power E1080 server, which totally disagrees with the exploration of space technology when there are so many issues globally. These funds can be diverted to change the state of so many countries from developing to developed.
What are your plans for the near future?
Ans: One last product which might get developed in 2024 would be dealing with Chronic Pain Management through an online platform. This product is just drafted and would surely be complete.
As of now I am just focusing on the Country Level Joint Venture
Launch of 4 Tech Platforms Fintech (Fundacle), HR Tech (HireKhan), Information Rating(AmericanIRS) & AdNetwork (PerPayment).